A Pennsylvania federal judge ruled that State Farm did not breach policy terms or act in bad faith by using its preferred loss estimation method, dismissing the homeowners’ lawsuit.

Despite rising cyber threats in connected homes, consumer adoption of personal cyber insurance remains low due to knowledge gaps, communication issues, and pricing concerns.

National Weather Service balloon launch reductions, blamed on Department of Government Efficiency (DOGE) staff cuts, threaten forecast accuracy during severe weather season, raising concerns for claims adjusters.

Rising insurance premiums and climate-related disasters are forcing Gen Z to scrutinize weather patterns before buying homes, reshaping the American Dream.

Lithium-ion batteries pose increasing fire and environmental risks during natural disasters, prompting insurers, governments, and consumers to rethink safety and response strategies.

Global demand for data centers is driving construction growth, but rising costs, labor shortages, and climate risks are reshaping insurance pricing and underwriting strategies.

New York AG Letitia James secured $975,000 from Root Insurance after a website vulnerability allowed hackers to steal over 44,000 New Yorkers’ driver’s license numbers.

New York Attorney General Letitia James has filed a lawsuit against National General and its parent company, Allstate, alleging failures in protecting consumer data, leading to two cyberattacks that exposed thousands of driver’s license numbers.

Traditional models for assessing severe convective storm risk rely on broad proxies like ZIP codes and roof age. AI-driven property-specific models offer insurers a more precise approach.

A new Lloyd’s systemic risk scenario reveals that a hypothetical extreme solar storm could result in a global economic loss of $2.4 trillion over five years.

With soaring premiums and industry instability, Florida lawmakers are pushing for reforms in home and auto insurance. Transparency, incentives, and technology may offer relief, but challenges remain.

Artificial intelligence is revolutionizing fraud detection in insurance, but as fraudsters adopt AI-driven tactics, the industry faces an escalating arms race. Insurers that fail to invest in AI risk being outpaced by increasingly sophisticated fraud schemes.

A global survey of over 500 insurance executives reveals how AI, climate risks, cybersecurity, and evolving market dynamics are shaping the industry’s future through 2040.

AI, IoT, and blockchain are revolutionizing risk management by enabling insurers to predict and prevent losses, reducing costs and improving safety through real-time data analysis.

Bybit, a major cryptocurrency exchange, suffered the largest crypto heist in history as hackers stole $1.5 billion in digital assets. Analysts link the attack to North Korea’s Lazarus Group.